Loading…
ABARES-based official estimates point to a record NSW winter crop, with wheat near 11 million tonnes and strong chickpea, canola and barley output. Flooding damaged some low-lying areas but was offset by higher yields elsewhere.
Wheat and barley prices are low.
A record eastern Australian crop adds export and domestic supply, reinforcing bearish pressure on wheat and barley prices for feed buyers.
abc.net.auMichael CondonJan 12, 2017After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
